The United Arab Emirates on Wednesday extradited British trader Sanjay Shah to Denmark, where he is wanted by judicial authorities on tax fraud and money laundering charges, the official WAM agency said.
“Sanjay Shah was extradited to the Danish Security Mission in accordance with legal procedures and on the basis of a decision of the Dubai Court of Cassation and an order of the Minister of Justice authorizing the extradition,” the agency reported.
The decision is in line with a bilateral agreement on the extradition of criminals signed in March 2022, WAM said, which ensures that the Emirates “combat organized crime in all its forms within the framework of international cooperation.”
A court in Dubai ordered the British trader to pay around 1.2 billion euros to the Danish tax authorities. Sanjay Shah was arrested by Dubai authorities last June and is accused of helping companies fraudulently claim refunds from the Danish tax authorities.
For three years, he allowed foreign companies to claim that they owned shares in Danish companies and therefore could claim tax refunds, according to the indictment.
He must also pay 5% interest on this amount from August 2018, the month the proceedings were opened, according to the judgment.
In total, the amount to be reimbursed by Sanjay Shah is approximately 1.5 billion euros, which corresponds to the losses recorded by the Danish Tax Authority due to this fraud.